LLQP Ethics & Professional Practice · Component 2.1 · 40% of the exam
The 'Life Licence Qualification Program' itself protects clients by:
- ALicensing insurers to sell life products, since an insurer must have LLQP-qualified staff to obtain its licence
- BGuaranteeing that licensed agents never make errors, since the exam tests every situation an agent could face in practice
- CReplacing continuing education, since an agent who has passed the LLQP has demonstrated all required knowledge
- Ensuring every new agent has shown baseline technical and ethical knowledge before licensing
Correct answer: D) Ensuring every new agent has shown baseline technical and ethical knowledge before licensing
Entry qualification is the first layer of client protection; continuing education maintains it.
Why the other options are wrong
- AThe LLQP does not license insurers.
- BThe LLQP cannot guarantee agents never err.
- CContinuing education continues after licensing.
Exam tip
LLQP = entry competency standard.
Common mistake
Treating the LLQP as the end of learning obligations.
What this tests
CISRO competency component 2.1 — Integrate into practice the rules governing the activities of life insurance agents — which is weighted at 40% of the Ethics & Professional Practice module. Written against the published curriculum.
More from component 2
- A prospective client wants to confirm that an agent is properly licensed before meeting him. She should:
- A dual-licensed agent's mutual fund business is reviewed following a client complaint. The review will be conducted by:
- Assuris coverage applies to:
- OLHI's services are available to:
- Complaints about an agent's conduct (as opposed to an insurer's claim decision) should be directed to:
- The best summary of an agent's ethical obligations is to:
Practice the whole Ethics & Professional Practice module
Timed sets weighted like the exam, and review of every question you miss. Free to start.